Popular Vehicles & Services Ltd has announced that its promoter group entity, Kuttukaran Homes LLP, has acquired an additional 9,490 equity shares through multiple open market transactions. The latest acquisitions were completed on March 30, 2026, representing a continued expansion of the promoter group's shareholding in the automotive services company.

Latest Transaction Details

The recent share acquisitions were executed through two separate transactions with a combined value of ₹8,62,608. The first transaction involved the purchase of 8,990 equity shares valued at ₹8,17,467 on the NSE, while the second transaction comprised 500 equity shares worth ₹45,141 on the BSE. Both transactions were conducted through open market purchases on March 30, 2026.

Progressive Shareholding Pattern

The promoter group entity has been systematically increasing its stake in Popular Vehicles & Services Ltd through multiple acquisitions. Prior to the latest transactions, Kuttukaran Homes LLP held 1,26,446 equity shares representing 0.17% of the total voting capital. Following the completion of both recent transactions, the promoter group entity now holds 1,35,936 equity shares, representing 0.19% of the total voting capital.

Regulatory Compliance and Disclosures

The disclosures were made in compliance with Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011 and Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations 2015. Popular Vehicles & Services Ltd maintains a total equity share capital of 7,11,98,198 equity shares of ₹2 each, aggregating to ₹14,23,96,396.

Entity and Company Information

Kuttukaran Homes LLP, the acquiring entity, is based at Kuttukaran Centre, Mamangalam, Cochin, and is represented by Naveen Philip as the Designated Partner (DPIN: 00018827). Popular Vehicles & Services Ltd operates from the same location and is engaged in automotive services with operations across Kerala, Tamil Nadu, Karnataka, and Telangana. The company received the disclosure from Kuttukaran Homes LLP on March 31, 2026, and subsequently informed the stock exchanges the same day.

Popular Vehicles & Services Limited announced significant leadership changes following its Board of Directors meeting held on March 31, 2026. The company formalized the retirement and resignation of Mr. Francis K. Paul, marking the end of an era for the founding promoter who has been associated with the organization since its inception.

Board Meeting Outcomes

The Board meeting, which commenced at 02:00 PM and concluded at 05:30 PM on March 31, 2026, approved two key decisions regarding Mr. Francis K. Paul's transition:

Founding Promoter's Four-Decade Journey

Mr. Francis K. Paul's departure represents the conclusion of a remarkable 42-year tenure with Popular Vehicles and Services Limited. At the age of 78, the founding promoter expressed his decision to step down from his responsibilities after more than four decades of dedicated service to the company. In his resignation letter dated March 31, 2026, Mr. Paul acknowledged the transformative milestones achieved from the company's first day to the present.

The veteran director emphasized his gratitude to the Board for accepting his request not to seek a further term of reappointment as Whole Time Director. He described his association with the company as "the greatest honor of my life" and expressed immense pride in the journey undertaken together over the decades.

Regulatory Compliance and Documentation

The announcement complies with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The formal communication was sent to both stock exchanges under reference number PVSL/SEC/151/2025-26.

Stock Exchange Communication

The company formally communicated the leadership changes to both stock exchanges with comprehensive documentation. The disclosure was digitally signed by Company Secretary Varun T.V. at 17:45:37 on March 31, 2026, ensuring full regulatory compliance.

Continued Commitment as Promoter

Despite stepping down from his executive and board roles, Mr. Paul affirmed his continued commitment to the organization's success. As a promoter, he remains a steadfast well-wisher committed to the long-term success of the organization under the able leadership of the Board and management. His transition to retirement does not alter his belief in the company's mission, and he expressed confidence in watching the company reach even greater heights in the years to come.